Statistics

00.0% mined so far

Supply distribution

Development

Technology

Decred uses a hybridized consensus system to strike a balance between miners* and users to create a more robust currency.

Typically, the miners who operate the infrastructure wield considerable influence while the users have relatively little sway. Decred allows users to participate in the project directly without the need for expensive mining hardware.

Development

Decred fosters a multi-stakeholder development ecosystem that welcomes and empowers participants who want to improve on existing features or build new tools.

Anyone can submit feature proposals, and developers are paid for work to fulfill requirements in full view of the community. Funding for this work comes directly from the Decred blockchain.

Governance

Decred is constructing a layered governance organization that extends beyond the miners and users to bring forward and represent insider and outsider voices in the community.

Decentralization is a process, and a decentralized ledger is only the first step in that process.

Community And Principles

The project is bound by the Decred Constitution, so users can know what to expect: a finite number of coins, decentralized governance and a place to share their views. Decred's community plays an important role in making decisions, both informally via the forum and formally via the blockchain.

After a transaction is made, funds will usually clear in about 5 minutes. There is a small fee to help with the upkeep of the network. This fee is in addition to the transaction amount. E.g. a transfer of 100DCR would incur a fee of about 0.006DCR.

In Proof-of-Work (PoW) transactions are grouped into blocks. These blocks are validated by PoW miners. When a block is validated it becomes a permanent part of the Decred network.

You can become a miner by dedicating spare computing resources to the network. In return miners are rewarded with Decred.

For efficiency and convenience you can join mining pools. The pools are groups of miners who share the work and split the reward. Joining a mining pool is an excellent way for smaller contributors to receive consistent payouts for their work.

Unlike PoW, Proof-of-Stake mining (PoS) requires little computing resources. Decred funds are used to purchase voting tickets on the network. Every block, five tickets from the pool of live tickets are chosen at random to vote on the validity of the previous block.

PoS adds an extra layer of decentralization to Decred and allows users to vote on suggested network changes. Pools are also available for PoS to ensure your tickets are ready to vote whenever they're called.

Through decentralized processes, people with different ideas, goals, and opinions can help shape the future. You will likely have some questions, so come join our growing community, where you can connect with developers and other users, get information, ask questions, or just hang out. We have a user forum, IRC channel, Telegram channel, and Slack channel where you can chat with the developers and other users in real time. Don't forget Twitter and Reddit.
We can't wait to meet you!

Part of the reward from new blocks goes towards the development of Decred to ensure that it will continually evolve to meet the needs and wants of the community now and in the years to come. These are just some of the features planned for 2017:

Hard fork voting

A stakeholder-directed DAO

Decentralized control of development funds

Lightning network support

Continuous UI and Design development

Enhanced privacy

Payment integration

Read about these and more on our blog and welcome to Decred: the future of digital currency.